BankPurely Review 2023
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Consumers looking for a bank that supports environmental initiatives may find BankPurely a good choice. It offers a range of deposit products, many with competitive APYs and none featuring monthly maintenance fees.
Highlights
- Free Checking
- High APY
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
BankPurely is a financial institution created for environmentally conscious consumers offering a large range of deposit products, including a savings, checking and money market account along with a standard CD.
Pros
-
BankPurely provides an eco-friendly banking option for environmentally conscious consumers.
-
All deposit products pay APYs above the national average or better.
-
Account holders have free access to thousands of ATMs.
-
Digital banking features are available, including access to Zelle and Bill Pay.
Cons
-
Only one CD term is offered.
-
A steep $25,000 deposit is needed to open the money market account and earn interest.
-
The savings and money market accounts are limited to six withdrawals per month.
-
There’s a $1,500 point-of-sale transaction limit for the checking account.
BankPurely banking products
FEATURES
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 10/4/2023
BankPurely savings overview
Pros
-
BankPurely’s savings account requires only $100 to open.
-
There’s no monthly service fee.
Cons
-
The APY is above the national average, but you can find higher yields elsewhere.
-
Withdrawals are limited to six per month.
-
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
BankPurelyAPYAPYNational average APYHow do we get this data?
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
BankPurely says it’s “a purely digital bank that’s sole mission is to reduce the global carbon footprint.” The bank offers tools and features to help support its eco-friendly mission, including online banking as well as a mobile app for iOS and Android devices. Customers can deposit checks through the app.
Customer service representatives are available 24/7.
About BankPurely
BankPurely, a division of Flushing Bank, is a financial institution created for environmentally conscious consumers. The bank has no branches, helping to reduce its carbon footprint, and uses paperless bill pay and e-statements. BankPurely even says it will plant a tree for every account opened.
BankPurely offers a range of deposit products that pay competitive annual percentage yields (APYs) and charge no fees.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
Thank you for sharing your experience with Bankrate